After a relatively steady third quarter, Bitcoin mining faced a sharp decline in profitability during November. Hashprice plummeted to $35 per PH/s as the price of Bitcoin corrected. […]
Unveiling Bitcoin Mining: A Beginner’s Guide
Bitcoin mining is a fundamental process that fuels the growth of the cryptocurrency ecosystem. It’s how new bitcoins enter circulation and maintains network security. This beginner-friendly guide will […]
Ancient Bitcoin Wallet Moves After 15 Years of Dormance
A dormant Bitcoin wallet, created during the early days of Bitcoin in 2010, has recently moved a substantial sum worth approximately $4.33 million. This move, which occurred around […]
Cango Inc. Reports Q3 2025 Financial Results Show Strong Revenue Growth and Bitcoin Mining Progress
Cango Inc., a leading bitcoin miner (NYSE: CANG), announced its unaudited financial results for the third quarter of 2025, revealing significant revenue growth and progress in the company’s […]
Bitcoin Mining Hit by Record Profit Squeeze
Bitcoin mining profitability is at an all-time low, facing a historic squeeze as hashrate revenue falls below operational costs. This decline, driven by a sharp Bitcoin price pullback […]
Iren to Issue $2 Billion Convertible Bonds for Bitcoin Mining Expansion
Bitcoin mining company Iren is preparing a significant capital injection by issuing convertible bonds worth $2 billion, as reported by Foresight News and Bloomberg. The issuance consists of […]
Crypto Winter Deepens: Analyzing the Impact of the 2022 Crash
The cryptocurrency market experienced significant upheaval in 2022, marked by a dramatic downturn and the collapse of FTX. These events triggered the current crypto winter, leaving many facing […]
Hashpower Derivatives: Reshaping the Future of Mining Investment
The world of cryptocurrency mining has undergone a major transformation. No longer limited to bulky machines and expensive energy bills, today’s mining is increasingly focused on financial markets, […]
Bitcoin Miners Face Profound Profitability Crisis, Industry Re-evaluates Survival
The bitcoin mining industry is experiencing its worst profitability crisis in history, marked by a sharp decline in hashprice. This drop from $55 per petahash per second in […]
Bitcoin Mining Industry Faces Record-Breaking Downturn
The Bitcoin mining industry is in its most challenging economic period, with even large publicly traded companies struggling to stay profitable amid plunging revenue and soaring debt. According […]
Bitdeer Bolsters Bitcoin Holdings by 56.4 BTC
Bitcoin mining giant Bitdeer has expanded its holdings significantly, acquiring an additional 56.4 BTC to reach a total of 2,141.1 BTC. This increase follows the company’s successful expansion […]
China’s Bitcoin Mining Returns: A Resurgence in a Shifting Landscape
After years of stringent regulation, China’s Bitcoin mining industry is witnessing a comeback. The 2021 crackdown resulted in a global decline in hashing power as miners relocated operations […]
Saudi Arabia Uncovers Massive Mineral Deposits in Najran, Potentially Boosting Mining Industry
Saudi Arabia has made a significant discovery of vast mineral resources in Najran, with an estimated 11 million tonnes of copper, zinc, gold, and silver. This finding was […]
Bitcoin Mining: Resilience Amidst Volatility in November
Despite experiencing significant market volatility during November, the Bitcoin mining industry showcased resilience, demonstrating strength and flexibility despite profitability challenges. Key indicators like the Puell Multiple reveal valuable […]
Bitcoin Network Difficulty to Increase Amidst Mining Profitability Challenges
The Bitcoin network difficulty is set to increase in the upcoming adjustment, according to ChainCatcher, from approximately 149.3 trillion to roughly 149.8 trillion. This rise signifies a more […]